https://www.taxtmi.com/article/detailed?id=5375 Registered dealers must maintain comprehensive, up to date accounts and prescribed specialized registers (purchases, sales, production cum stock, agent registers, jewellery order books and input tax adjustment accounts) at the place of business, preserve them for five years, and, where turnover exceeds the statutory threshold, obtain an audit by a Chartered or Cost Accountant and submit the auditor's report in the prescribed form (Form WW) within the prescribed period; failure to comply attracts a specified penalty and departmental audit powers permit inspection and verification without removal of records. en-us Thu, 05 Dec 2013 07:52:19 +0530 Thu, 05 Dec 2013 07:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5375 Registered dealers must maintain comprehensive, up to date accounts and prescribed specialized registers (purchases, sales, production cum stock, agent registers, jewellery order books and input tax adjustment accounts) at the place of business, preserve them for five years, and, where turnover exceeds the statutory threshold, obtain an audit by a Chartered or Cost Accountant and submit the auditor's report in the prescribed form (Form WW) within the prescribed period; failure to comply attracts a specified penalty and departmental audit powers permit inspection and verification without removal of records. Articles Value Added Tax - VAT and CST Thu, 05 Dec 2013 07:52:19 +0530 https://www.taxtmi.com/article/detailed?id=5375